Anyone, regardless of nationality, can create a business in Liechtenstein. As well as receiving permission to do business, potential entrepreneurs must name a managing director and establish business premises in Liechtenstein.
Everyone is welcome to found a company in Liechtenstein. The process is very simple and normally lasts less than a week. The first port of call is the Office of Economic Affairs, where budding entrepreneurs from all sectors have the option of receiving step-by-step support from the entrepreneur service.
The first requirement to start a business is to obtain a permission to do business. Exceptions to this requirement are the activities listed in Article 3 of the Small Business Act (Gewerbegesetz), such as agricultural production, the publication of newspapers, the operating theaters. The practice of health professionals and the activities of doctors is regulated in the health law (Gesundheitsgesetz). Professionals such as lawyers, trustees, auditors, financial advisors and the activities of financial intermediaries such as banks and investment firms fall under the jurisdiction of the Financial Market Authority (Finanzmarktaufsicht, FMA) and do not require a permission to do business. More information about the permission to do business can be found here.
Entrepreneurs wishing to create a business in Liechtenstein must also name a managing director. This person must fulfil the necessary criteria specific to the field of business in which the company wishes to operate and must also be physically present in Liechtenstein.
Companies wishing to do business in Liechtenstein require not only official permission to do business, but must also establish premises within the Principality that are appropriate to the field of business in which the company wishes to operate.